Northern Madison County KY - Exit 95 at I-75 Development Land

Vacant Land for Sale
Catylist Listing ID: 30835968
Property Subtypes: Office, Retail
Gross Land Area: 4.90 Acres
Sale Price: $1,100,000
Unit Price: $224,489 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

We are pleased to present the rare opportunity to purchase 4.9 acres of highway commercial development land in the growing Northern Madison County area of Richmond, KY. This property is just 15 minutes from Richmond Road in Lexington and 20 minutes from the Hamburg area in Lexington. The land is on the southbound exit 95 off I-75 at U.S. 25 (Lexington Road). This site is on both sides of Boonesborough Road, with approximately 13.7 acres, but still on one deed. The property backs up to the exit and onto ramps. There is water, sewer, and gas available for this site. This urban corridor zoned commercial land allows for several uses, including hospitality, retail, office, and more.

I-75 South bound Exit 95 Development Land
4.9 Acres Available
Zoned UC 41 C Highway Commercial
A number of uses, Office, Hospitality, Retail and More
Water & Sewer at US 25

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0039-0000-0013-A|2
Zoning: UC 4-1C
Area Description: Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,016 6,858 15,925
Median Age: 39.96 39.14 36.72
Households: 1,102 2,492 6,447
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